Newmac drills 78 metres of 0.10% MoS2 at Crazy Fox 2008-09-23 11:41 ET - News Release Mr. David Schmidt reports NEWMAC RESOURCES INC.: EXCITING NEW ASSAYS-78 M (256 FT) OF 0.10% MOS2 MINERALIZATION NOW EXTENDS OVER 800 M Newmac Resources Inc. has now received assays from CF08-57 on the Crazy Fox molybdenum project, favourably located 100 kilometres north of Kamloops, B.C. SUMMARY OF RESULTS FROM HOLE CF08-57 Hole From To Interval Interval MoS2 Mo W CF07-57 (m) (m) (m) (ft) (%) (%) (%) Intercept 702.8 1,008.7 305.9 1,003 0.07 0.04 0.001 Including 878.3 956.3 78.0 256 0.10 0.06 0 Including 878.3 908.3 30.0 98 0.13 0.08 0 Including 878.3 894.3 16.0 53 0.18 0.11 0 CF08-57 was collared 650 metres south of hole CF07-41 and drilled on 245 degrees azimuth at minus-75 degrees. The hole curved northward with depth. Hole CF 08-57 intersected several high-grade intercepts with four two-metre samples grading over 0.2 per cent Mo (molybdenum). The company is very encouraged by these results, in particular, because the hole was mineralized to the end, with the last sample grading 0.08 per cent Mo at a depth of 1,008.7 m (3,309.4 feet). Drilling conditions and equipment limitations forced the end of the hole. The discovery of high-grade mineralization in hole CF08-57, extends known higher-grade mineralization approximately 800 m along strike from mineralization discovered in CF07-41, the deep discovery hole. A detailed geophysical (magnetometer) survey has now been completed, it is hoped that it will help to determine areas of additional mineralization, and provide some insight to the limits of the intrusive rocks. The magnetic data are currently being processed and will be compiled with the data from the drill program, which is now completed. The current drill program, since hole CF 07-34, has completed approximately 13,331 m of NQ and HQ drilling (approximately 43,720 feet). The program has discovered and begun exploration of the hitherto unknown offset mineral zone below the historical area of exploration on the Crazy Fox property. Significant molybdenum mineralization has been encountered within the new offset zone over a strike length of approximately 800 m, and has encountered intercepts of 50 m to 420 m of greater than, or near to, 0.1 per cent MoS2. The mineralization has been encountered at depths of 300 m to over 1,000 m below surface. Current indications and developing geological models suggest that the mineralization could extend from the currently developed 800-metre strike length indicated by the limits of drilling to date. Hole CF07-41 (reported previously) penetrated a low-angle thrust fault at approximately 390 m (1,280 feet) and encountered mineralized intrusive rocks to the bottom of the hole, at a depth of 1,021 m (3,349 feet). SUMMARY RESULTS FOR THE HOLE Hole From To Interval Interval MoS2 Mo W CF07-41 (m) (m) (m) (ft) (%) (%) (%) Intercept 400.7 830.7 430 1,410 0.17 0.1 0.01 Including 646.7 796.7 150 492 0.29 0.18 0.01 Including 708.7 756.7 48 157 0.48 0.29 0.01 Including 708.7 722.7 14 46 0.96 0.58 0.01 CF08-47 was collared 350 m west of hole CF07-41 and drilled to the east at minus-80 degrees. Hole CF08-47 curved to the south as it was drilled and CF07-41 curved to the north; the two mineralized intersections are between 90 m and 150 m apart (reported previously). Hole From To Interval Interval MoS2 Mo W CF08-47 (m) (m) (m) (ft) (%) (%) (%) Intercept 467 791 324 1,063 0.21 0.13 0.02 Including 523 713 190 623 0.29 0.18 0.02 Including 547 619 72 236 0.41 0.25 0.02 Including 565 619 54 177 0.48 0.29 0.03 Including 565 597 32 105 0.58 0.35 0.03 Assays were performed by Acme Analytical Laboratories Ltd. of Vancouver, B.C., a certified facility, using a phosphoric acid leach with ICP-ES spectrometry methods. Technical content of this news has been reviewed by W.A. Howell, PGeo, a qualified person within the definitions of National Instrument 43-101. We seek Safe Harbor.